Mukesh Ambani Signals The Start Of A New Investment Cycle

With his multi-billion-dollar investment in telecom services well on track, Reliance Industries Ltd chairman Mukesh Ambani on Friday signalled the start of the next investment cycle, which might see the group venture into agriculture, education and healthcare.

In its last cycle, the group invested $60 billion in India, largely through Reliance Jio Infocomm Ltd, which has placed India on the cusp of becoming the country with the world’s largest data network.

“We have nearly completed this investment cycle. We are now ready to commit even more in our next investment cycle. We are doing this out of our undiminished conviction that India is the biggest investment opportunity in the world,” Ambani said at the Hindustan Times Leadership Summit in New Delhi. Read More…